Second trade for the day. Bat formation at market during this consolidation. Conventional targets stops below X.
Good Luck guys
Jason
Comments
jlg83
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@ Lord : yes stop under X, usually at 1:1 compared to the 1st green box, and in this situation i'd put it under the below 1.0480 (low 05 jan 11:00), so at 1.0475 by example.
@ J_Graystone : nice idea, but i'm just afraid that D went too low, "touching" X (1.05109/1.05134).
Akil_Stokes
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Let's do this!
Tiberious
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Lordmanoosh, I'm quite sure that Jason places his stops at the 1.13 fib level.
Lordmanoosh
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Hi Jason, I am involved on the same trade, a question...How are target stops placed- Do we place them blindly below X? If not by how many pips. Thanks
@ J_Graystone : nice idea, but i'm just afraid that D went too low, "touching" X (1.05109/1.05134).